Fidelity, a market leader in title insurance, has a market capitalization rate of $10.6 billion and is headed by William Foley, age 70, who has a history of spinning off companies.
Fannie, Freddie and Ginnie all posted solid gains in volume during April, but Ginnie had the strongest increase with issuance rising more than 32 percent…
Researchers at the Urban Institute found that, although the percentage of first-time homebuyers increased from 2011 to 2014, the national share of first-time homebuyers in the agency mortgage market fell from 57 percent in 2011 to just 54 percent last year. Researchers Bing Bai, Jun Zhu and Laurie Goodman, director of the Housing Finance policy center at the Urban Institute, attributed the change to a decline in FHA’s market share. From 2001 to 2003 ... [Includes one data chart]
State-licensed mortgage lenders originated $72.8 billion of Veterans Administration home loans during 2014, according to a new analysis of mortgage call report data by Inside Mortgage Trends. VA home loan originations by state-licensed lenders – mostly independent, privately held mortgage bankers – rose 14.5 percent from 2013 to 2014. At the same time, production of conventional and FHA-insured loans fell by 26.3 percent and 23.3 percent, respectively ... [Includes one data chart]